CubeSmart (CUBE) PT Raised to $51 at Stifel

June 18, 2021 6:38 AM EDT
Get Alerts CUBE Hot Sheet
Price: $50.22 --0%

Rating Summary:
    7 Buy, 8 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 44
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Stifel analyst Stephen Manaker raised the price target on CubeSmart (NYSE: CUBE) to $51.00 (from $48.00) while maintaining a Buy rating.

The analyst commented, "We are increasing our earnings estimates for CUBE and the rest of our self-storage coverage universe. We put out an industry note (Self-Storage REITs - Raising Estimates On Strong Operating Environment) that explains why we are increasing earnings and our thoughts about the current self-storage environment. Details for the model changes for CUBE are below. In addition, we are increasing our target price to $51/share, based on a 25.5x multiple on our 2022 FFO estimate."



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